$1,100,000
-$100,0007032 Somerset, Paramount CA 90723
Multi-Family (Fourplex)
Property type
126 days
On market
$458
Price per sqft
0 cars
Garage
1939
Year built
8,936 sqft
Lot size
Open Houses
Overview
Exceptional value-add opportunity in the heart of Paramount. This well-maintained 3-unit multifamily property with a bonus garage conversion offers strong in-place income with significant upside rent potential. The building has been consistently cared for over the years and features stable, paying tenants, providing immediate cash flow while allowing an investor to...
Listing provided by: Aaron Juarez DRE #01295422, Coldwell Banker Icon
Listing updated: May 11, 2026 at 07:45pm.
Last checked: Jun 4, 2026 at 08:30am
Source: CRMLS #CV26022273
Multi-family Analysis
Unit Information
| Units | Beds | Baths | Garage | Actual Rent | Total Rent | Pro Forma | Furnished? |
|---|---|---|---|---|---|---|---|
| 1 | 3 | 1 | — | $2,300 | $2,300 | $2,500 | Unfurnished |
| 1 | 2 | 1 | — | $1,600 | $1,600 | $1,900 | Unfurnished |
| 1 | 2 | 2 | — | $1,600 | $1,600 | $2,000 | Unfurnished |
# of Buildings: 3
# of Units Total: 3
Separate Electric Meters: 2
Separate Gas Meters: 2
Separate Water Meters: 2
Rent Control: No
Financial Snapshot
Gross Rent Multiplier
13.1x
List Price / Annual Gross Rent
Cap Rate
5.58%
NOI / List Price
Gross Scheduled Income: $84,000
Operating Expense: $22,640
Net Operating Income: $61,360
Annual Operating Expenses
Electric: $2,880
Fuel: $0
Insurance: $2,300
New Taxes: $15,000
Trash: $780
Water / Sewer: $1,680
Interior
Cooling: None
Fireplace: None
Laundry: None
Entry Location: 1
Exterior
Property Attached: No
Stories Total: 1
Common Walls: No Common Walls
Lot Features: Zero To One Unit Acre, Back Yard, Front Yard
Pool: None
Water Source: Public
Sewer: Public Sewer
Garage and Parking
Garage Spaces: 0
Parking Total: 0
Lot Information
Land Lease: No
Common Interest: None
Parcel #: 6240002014
Additional Parcels: No
Tax Lot: 2
Tax Block: 10
Community
Senior Community: No
Community Features: Street Lights, Suburban, Sidewalks
Nearby Schools
Nearby schools around the 7032 Somerset, Paramount, CA 90723. Contact the school or district directly to verify enrollment eligibility.
Payment Calculator
Total Principal
$880,000
Total Interest
$1,122,391
Total Payment
$2,002,391
Payoff Date
Jun 2056
PMI is disabled automatically when your down payment is 20% or more.
Est. Payment
$6,858
per month
Property History for 7032 Somerset
Paramount Market Snapshot
Market stats compare this property with recent MLS activity for similar property types in 90723.
Similar Homes
Listings with similar prices to 7032 Somerset